Andrew Kim's (rambokim) Blog

People ask me, if it's possible to get a mortgage loan now in this economy?  Why is it that people are under the assumption that getting a loan is impossible now?  I agree that it's tougher than ever with all the changes in the regulations, but getting a loan is still very possible.  It's even po...

So what does it take for a buyer to get into a house in this market?  With multiple offers on properties now a common theme, it takes a little more work to get the deal done. The home prices are low, the rates are low and the inventories in most areas are getting lower and lower.  While most of t...

I've lost out on three deals in the last week on properties where it attracted multiple offers. Home prices were $350K, $580K and $450K.  I am losing out to buyers with all cash offers. it seems like there are more people looking to buy now then there were at the beginning of the year.  The rates...

What a difference a few months makes. Just finished with an inspector this morning on a house we got in contract about a week ago.  The sellers are not willing to pay for any inspections and no credit backs. We have switched to where more sellers on a regular sale are not paying for anything and ...

As I was working with buyers, I noticed a trend that has changed since the beginning of the year.  Offers would be made and if the offers were low, counter offers were made by the sellers.  Now, it seems like the offers have to be strong because of multiple offer situations.  I tell my buyers now...

Just saw the news last week showing the median prices of homes jumped again in July.  I believe it was up around $40,000.  I know we have a long way to go to get back to where we were but it shows that prices on homes have started to go up and will keep going up. There are many buyers who are sti...

For those that are looking to purchase an investment home, ever think about purchasing a residence out of the country?  I have relatives who live in Korea and they tell me that the housing in the areas are exploding.  There are what we would consider apartment complexes in the US going for as muc...

I was just about to finish up a condo unit refinance, when I got the appraisal showing a multi use complex.  The borrower didn't tell me that this was a multi unit and the property profile didn't show that it was a multi use unit.  Here I was looking to finish up the loan after getting all the co...

Here we are at the half way point of the year.  How are you doing so far compared to the goals that you have set at the beginning of the year? With the prices of the homes and the rates being low as they are, this is a very good market to be in.  We need to find the buyers and get them off the fe...

I still get like death came over me when I speak with friends that I'm in the real estate business.  They say, "I'm sorry, the market must be bad?".  In fact, the market in the Santa Clara County couldn't be any better.  The prices are low and the interest rates have remained pretty low for the y...